Iraq is preparing to ratify an agreement with Korea to export 250 thousand barrels of oil per day
Iraq is preparing to ratify an agreement with Korea to export 250 thousand barrels of oil per day
11/10/2020 11:12:52
(Baghdad: Al Furat News) A member of the Foreign Relations Committee, Melhan Al-Mukoutar, announced, on Tuesday, that Parliament is ready to ratify the Iraqi-Korean agreement at the end of next week.
“The House of Representatives is preparing at the end of next week to ratify the treaty to accelerate cooperation between the governments of Iraq and South Korea, after the relevant committees participate,” Al-Muktar said in a press statement.
He added that “the Presidency of Parliament postponed voting on this agreement during the session last Saturday, in order to involve other committees with the Relations Committee, which is the Economy and Investment Committee.”
For his part, a government source stated that “Iraq is in the process of ratifying an agreement between Iraq and South Korea, which provides for the export of more than 250 thousand barrels per day to South Korean oil companies, even if force majeure occurs in the global oil market.”
alforatnews.com